Where can I invest in SIP?

SIP scheme 5 years’ return 3 years’ return
HDFC Small Cap Fund 24.31% 21.52%
ICICI Prudential Balanced Advantage Fund 14.39% 9.16%
Kotak Standard Multicap Fund 3.56% -1.28%
L&T India Prudence Fund 18.36% 10.03%

Which bank is best for SIP investment?

5 Best Banking Funds SIP To Invest In India 2021

Banking Mutual Funds 1 Year Return 5 Years Return
SBI Banking & Financial Services Fund 83.11% 20.01%
Tata Banking and Financial Services Fund 71.13% 19.5%
Invesco India Financial Services Fund 74.97% 18.25%
Sundaram Fin Services Opp Reg 81.58% 16.63%

Which SIP should I invest in 2021?

Top Performing SIP Mutual Funds to Invest in May 2021

Fund Name Category 3 Year Returns
Canara Robeco Equity Taxsaver fund Equity Linked Tax Savings Fund 15.20%
UTI Nifty Index Fund Index Equity Mutual Funds Growth 11.60%
HDFC Index Nifty 50 fund Index Equity Mutual Funds Growth 11.40%

Which SIP is best for 5 years?

Best SIP Plans for 5 Years in Equity Funds

  • Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
  • ICICI Prudential Blue chip Fund. …
  • SBI Blue chip Fund. …
  • Mirae Asset Large Cap Fund. …
  • SBI Multicap Fund.

Can I lose money in SIP?

SIPs have losses

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But as the market keeps falling and you continue to invest your average cost fall. You will be buying more units at a lesser cost. The primary advantage of SIP is to lower the average cost of buying mutual funds. SIPs work well in a falling market condition or volatile markets.

Can SIP make you rich?

If you invest just Rs 10,000 per month in an equity fund through SIP for 30 years, you can accumulate a corpus of Rs 3.53 crore. The power of compounding grows wealth and makes you rich. … Actual returns vary depending on the markets and the fund.

Is SIP tax free?

Every SIP instalment into an SIP counts towards tax deductions under Section 80C. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes.

Which is better SIP or stocks?

So, a SIP in a mutual fund gives you the benefit of being exposed to lower concentration risk as compared to a SIP in stocks. Finally, the secret of creating enduring wealth from the stock market is periodically tracking the business or the sector that you have parked your money in.

Which SIP is best for 3 year?

Top SIP Mutual Funds in India

SIP Plans Type 3 Year
HDFC Prudence Fund(G) Balanced Fund 9.02%
HDFC Small Cap Fund Equity Fund 21.52%
ICICI Prudential Balanced Advantage Fund Balanced Fund 9.16%
ICICI Prudential Equity & Debt Fund Equity Fund 11.11%

Which app is best for SIP?

Top 5 Apps To Invest in Mutual Funds in India

  • Coin by Zerodha. Download App: Android | iOS. …
  • Groww. Download App: Android | iOS. …
  • PayTM Money Mutual Funds App. Download App: Android | iOS. …
  • Kuvera. Download App: Android | iOS. …
  • ETMONEY. Download App: Android | iOS.
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Is investing in SIP safe?

A systematic investment plan (SIP) has to be designed for the long term. The answer to the question, “Is it safe to invest in SIPs” would be; it depends. … SIPs have the potential to generate wealth with low levels of risk over time.

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